Annual Report 2011-2012 - HCL Infosystems

INFORMATION REGARDING EMPLOYEE STOCK OPTION SCHEME
ANNUAL REPORT 2011-12
The details of the options granted under the HCL Infosystems Limited, Employee Stock Option Scheme 2000 (Scheme
2000) and Employee Stock Based Compensation Plan 2005 (Scheme 2005) as on 30 th June, 2012 are given below:-
Employee Stock Option Scheme 2000 (Scheme 2000)
Options Granted : 30,18,000 which confer a right to get 1 equity share of `10/- each (each equity share of the face value of
`10/- has been sub divided into five equity shares of ` 2/- each).
Pricing Formula : The members of the Company at the Extra Ordinary General Meeting held on 25 th February, 2000 approved
the exercise price as the price which will be not less than 85% of the fair market value of the shares on the
date on which the Board of Directors of the Company approved the Grant of such options to the employees
or such price as the Board of Directors may determine in accordance with the regulations and guidelines
prescribed by the Securities and Exchange Board of India (SEBI). The members of the Company at the
Annual General Meting held on 21 st October, 2004, approved the amendment to the pricing formula that
the options granted but not yet exercised by the employees or options that would be granted in future,
would be at the market price on the date of grant. For this purpose the market price as specified in the
amended provisions of SEBI (Employee Stock Option Scheme and Employee Stock Purchase Scheme)
Guidelines, 1999 and the regulations/guidelines prescribed by SEBI or any relevant authority, from time
to time to the extent applicable.
Variance of
The pricing formula has been amended that the options granted but not yet exercised by the employees
terms of options : or options that would be granted in future, would be at the market price. For this purpose, the market
price means the market price as specified in the amended provisions of SEBI (Employee Stock Option
Scheme and Employee Stock Purchase Scheme) Guidelines, 1999 and the regulations/guidelines prescribed
by SEBI or any relevant authority, from time to time to the extent applicable.
Options Details : Date of Grant Options Options Options Lapsed/ Options in
Grant Price (`) Vested till Exercised till Forfeited during force as on
30/06/2012 30/06/2012 Y. E. 30/06/2012 30/06/2012
10-Aug-00 289.00 Fully vested 1363708 - -
28-Jan-04 538.15 Fully vested 844093 13603 115362
25-Aug-04 603.95 Fully vested 57892 13735 23249
18-Jan-05 809.85 Fully vested 39977 48424 73004
15-Feb-05 809.30 Fully vested 2400 - -
15-Mar-05 834.40 Fully vested 3794 7435 10828
15-Apr-05 789.85 Fully vested 960 2452 880
14-May-05 770.15 Fully vested 970 2475 1180
15-Jun-05 756.15 Fully vested 3565 - 675
15-Jul-05 978.75 Fully vested 1318 9584 896
13-Aug-05 1144.00 Fully vested - 5929 10101
15-Sep-05 1271.25 Fully vested - 3862 5278
15-Mar-07 648.75 Fully vested 7300 - 136700
23-Jan-08 898.25 Fully vested - 10995 41400
18-Aug-09 627.25 12000 - - 12000
26-Oct-10 586.75 24000 - - 24000
2-Feb-11 516.50 3600 - - 3600
30-Jan-12 233.25 - - - -
18-Jun-12 202.00 - - - -
Total 2325977 118494 459153
Vesting Details : 30%- 12 months after the grant date
30%- 24 months after the grant date
40%- 42 months after the grant date
Employee Stock Based Compensation Plan 2005 (Scheme 2005)
Options Granted : 31,96,840 which confer a right to get 5 equity shares of ` 2/- each.
Pricing Formula : As per the resolution passed by members of the Company, through postal ballot, the result whereof was
declared on 13 th June, 2005, the options are granted at the market price on the date of grant or such price
as the Board of Directors may determine in accordance with the Regulations and Guidelines prescribed
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